Day: February 10, 2022
“Policy unpredictability” and “adoption of Bitcoin as legal tender” are part of the reasons why the country has received a downgrade from Fitch. 4306 Total views 37 Total shares El Salvador faces another whipping from a traditional finance firm for its “forbidden” love for Bitcoin (BTC). American credit rating agency Fitch Ratings has lowered El Salvador’s […]
The Nasdaq 100 NDX, -2.33% slumped 1.7% in afternoon trading Thursday, with only 17 of its components gaining ground, after the technology-friendly index ran up 3.3% over the past two days. The index’s biggest gainer was Datadog Inc. stock DDOG, +12.23%, which shot up 14.3% over the monitoring and security software platform company reported before […]
The average deal size of crypto mergers and acquisitions reached $180 million in 2021, surging from $53 million in 2020, PwC said. 2686 Total views 22 Total shares Merger and acquisition deals in the cryptocurrency industry, simply known as M&As, have massively increased in 2021, with associated value jumping nearly 5,000%, according to PwC, one […]
Gold futures ended higher on Thursday, stretching their streak of gains to a fifth session in a row – the longest run of consecutive gains since November. The rise for the metal came in the wake of data showing the U.S. consumer price index rose by a more than expected 0.6% in January to 7.5%, […]
Brent As we can see in the H4 chart, divergence on MACD made the asset start a new correctional downtrend after testing the post-correctional extension area between 138.2% and 161.8% fibo at 94.53 and 99.41 respectively. After the correction is over, the price may break the local high at 94.73 and continue moving within the […]
EURUSD, “Euro vs US Dollar” Having completed the first descending wave at 1.1396 along with the correction towards 1.1446, EURUSD has finished another descending impulse to reach 1.1414; right now, it is correcting towards 1.1429 and may later resume falling to break 1.1382. After that, the instrument may continue trading downwards with the short-term target […]
Gold prices fell in trading today, Thursday; Investors are cautiously awaiting US inflation data that may provide new clues about the pace of monetary tightening by the Federal Reserve. And gold prices ended their trading on the rise, yesterday, Wednesday; To continue rising for the fourth consecutive session, with the US dollar falling. Gold Prices […]
The significance of today’s US inflation report can hardly beoverestimated. Over the past few years there were few inflation reports, which drewas much attention as the January report. The Fed acknowledged in December thatit was wrong with its inflation forecasts, removing the word “temporary” fromthe wording. Additionally then signaled in January that getting a grip […]
Coca Cola Earnings In FocusUS beverage icon Coca Cola is due to report Q4 2021 earnings today and the release is drawing plenty of attention. KO shares have been in a firm upward trend since the December lows, printing a near 20% rally. Over the last 24 hours we’ve seen heavy selling, however, as traders […]
• FTSE 100 broke key resistance level 7620.00 • Likely to rise to resistance level 7800.00 FTSE 100 index recently broke above the key resistance level 7620.00 (which has been reversing the price from the middle of January as can be seen from the daily FTSE 100 chart below). The breakout of the resistance level […]
